News

Protecting the Industry’s Access to Capital is Top Priority for Apartment Industry

Washington, DC - March 16, 2010 - (RealEstateRama) — Ensuring the industry’s continued access to capital as lawmakers undertake financial regulatory reform and determine the future of Fannie Mae and Freddie Mac is the apartment industry’s highest legislative priority in 2010, according to the National Multi Housing Council (NMHC) and National Apartment Association (NAA).

New Campaign Empowers Long Island Homeowners to Combat Loan Modification Scams in 2010

Long Island, NY - March 16, 2010 - (RealEstateRama) — NeighborWorks America today launched the national “Loan Modification Scam Alert Campaign” on Long Island to provide residents facing the possibility of foreclosure with vital information to guard against loan modification scams, find trusted help and report illegal activity to authorities. NeighborWorks Director of National Initiatives and Applied Research Nelson Merced was joined for the announcement by Community Development Corporation of Long Island President and Chief Executive Officer Marianne Garvin, New York State Banking Department Director of Non-Depository Institutions and Consumer Protection Jane Azia, Superintendent of Banks for New York State Richard H. Neiman, New York State Consumer Protection Board Director of Communications and Policy Research Gary Brown, and other local officials.

National Community Reinvestment Coalition Concludes Successful Conference

Washington, DC - March 16, 2010 - (RealEstateRama) — Hundreds of people from community organizations around the country attended the National Community Reinvestment Coalition’s national conference, March 10-13 in Washington, DC. Attendees heard exciting speeches from Rep. Elijah Cummings, Del. Eleanor Holmes Norton and HUD Assistant Secretary John Trasviña and FHA Commissioner Dave Stevens, among other administration officials. NCRC also announced the winners of its esteemed National Achievement Awards. Rev. Jesse Jackson, Sr. presented the awards to seven community leaders during NCRC’s 20th anniversary conference on March 12, in Washington, DC. Detailed information about the winners and the awards follows below

Log Homes Council Offers Free Report on Fire Performance of Log Walls

March 16, 2010 - (RealEstateRama) — Over the years, building code inspectors, fire officials, the insurance industry and prospective home buyers have been curious about the fire performance of solid log walls. Numerous scientific studies conducted by Log Homes Council have proven that solid log walls offer a solid protection against the threat of fire.

Single-Family Starts Hold Firm In February

WASHINGTON D.C. - March 16, 2010 - (RealEstateRama) — The pace of single-family home production remained virtually unchanged in February, with a 0.6 percent decline to a seasonally adjusted annual rate of 499,000 units, according to figures released today by the U.S. Commerce Department. Meanwhile, a large decline on the more volatile multifamily side brought the overall number of housing starts down 5.9 percent to a seasonally adjusted annual rate of 575,000 units.

Pelosi Statement on FCC’s National Broadband Plan

Washington, D.C. March 16, 2010 - (RealEstateRama) — Speaker Nancy Pelosi released the following statement today on the Federal Communication Commission’s (FCC) National Broadband Plan: “The deployment of high-speed, broadband infrastructure from coast to coast will fuel the development of millions of new jobs here at home and global competitiveness for our nation. Furthermore, affordable access to the Internet and other broadband services will also provide innovative solutions to address national priorities such as health care, education, energy independence, and public safety. That is why the Recovery Act made a strategic investment of $7.2 billion in our nation’s broadband infrastructure and charged the Federal Communications Commission with developing a National Broadband Plan

NeighborWorks America Helps Communities ‘Go Green’ by Awarding 170 Training and Education Certificates

Washingon, DC - March 16, 2010 - (RealEstateRama) — NeighborWorks America, the nation’s largest trainer of community development professionals, recently awarded 170 certificates of completion to nonprofit leaders from around the country. The certificates were awarded in a range of disciplines including how to improve the energy and environmental footprint of multifamily and single-family housing, and how to engage community residents on behalf of greener living. The classes, offered at the NeighborWorks Training Institute (NTI) four times each year, are part of NeighborWorks America’s broader Green Initiative for communities

MBA: Dodd Bill Needs More Explicit Risk Retention Exemptions for Mortgages

WASHINGTON, D.C. - March 16, 2010 - (RealEstateRama) — Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association, issued the following statement in reaction to proposed legislation to modernize regulation of the financial services industry.

District Selects Urban Matters/WIN for Senior Housing Project

Washington, DC - March 16, 2010 - (RealEstateRama) — Mayor Adrian M. Fenty on Monday announced the District selected a development team led by Urban Matters, Mission First, Mt. Lebanon CDC and the Washington Interfaith Network (WIN) to redevelop the former MM Washington Career High School

Undercover Inspections of Funeral Homes in Nine States and Washington, D.C. Press Funeral Homes to Comply with Consumer Protection Law

March 16, 2010 - (RealEstateRama) — Investigators working undercover in nine states and the District of Columbia found significant violations of Federal Trade Commission consumer protection rules at 52 of 175 funeral homes they visited during 2009.